In order to make your new office as maintenance
free as possible, we employ a property Manager that will maintain
the Professional Center. He/She works for you in providing the following
activities:
- Collect monthly assessment fees from each owner.
- Pay all bills incurred by the Association for the purpose of
"running" the Park.
- Select contractors to perform needed tasks.
- Provide scheduled reports to the Association.
- Attend all association meetings and answer questions.
Owners are responsible to pay their Assessment
on time to the Property Manager. Currently, that amount is approximately
$1.50 per square foot. (Example: 1008 square feet pays $126.00 per
month, which is $1,512.00 divided by 12 months)
|
| COVERAGE |
BUDGET |
PER
SQ.FT. |
| Landscaping |
$
9,750.00 |
$
.50 |
| Management
Fee |
5,850.00 |
.30 |
| Insurance
Expense |
1,170.00 |
.06 |
| Water/Sewer |
2,730.00 |
.14 |
| Trash Removal |
4,290.00 |
.22 |
| Bank Charges/Misc. |
1,365.00 |
.07 |
| Capital
Reserves: |
|
|
| Roof (15 years) |
1,950.00 |
.10 |
| Parking Lot
Seal Coat (3 years) |
1,950.00 |
.10 |
| Parking Lot
Striping (3 years) |
195.00 |
.01 |
TOTAL
(divided by 60,000 sq.ft.) |
$90,000.00 |
$1.50 |
|
| Contact Phil
Ferrone for more Information |
|
